NZ dollar falls on QE, as nation prepares to shut down

Mon, 23 Mar 2020

The New Zealand dollar was weaker after the Reserve Bank announced plans to effectively print about $30 billion over the next 12 months and after Prime Minister Jacinda Ardern said the nation will move to full lockdown by midnight Wednesday in the hopes of stopping the spread of covid-19.The kiwi was trading at 56.38 US cents at 5pm in Wellington compared with 57 cents in New York on Friday while the trade-weighted index was at 66.02 points from 66.90.The Reserve Bank announced a bigger than expected bond buying programme this morning to help k...

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